State Codes and Statutes

State Codes and Statutes

Statutes > Nebraska > Chapter30 > 30-2729

30-2729. Payment on POD designation.A financial institution, on request, may pay sums on deposit in an account with a POD designation to:(1) one or more of the parties, whether or not another party is disabled, incapacitated, or deceased when the payment is requested and whether or not a party survives another party;(2) the beneficiary or beneficiaries, if proof of death is presented to the financial institution showing that the beneficiary or beneficiaries survived all persons named as parties; or(3) the personal representative, if any, or, if there is none, the heirs or devisees of a deceased party, if proof of death is presented to the financial institution showing that the deceased party was the survivor of all other persons named on the account either as a party or beneficiary. SourceLaws 1993, LB 250, § 15.